Zodiac Gold (TSX-V:ZAU) has upsized its listed issuer financing exemption (LIFE) offering from gross proceeds of up to C$5 million to gross proceeds of up to C$6.1 million ($6.44 million) due to strong investor demand.
The LIFE offering was originally announced on 12, 13, and 15 January 2026 by the company. Each unit is priced at $0.20 and consists of one common share of Zodiac and one-half of one non-transferable common share purchase warrant.
Each warrant is exercisable for a period of 36 months from the closing date and will entitle the holder to purchase one additional common share at an exercise price of $0.30 per warrant share.
Zodiac will also be filing a third amended and restated offering document.
The company expects to close the LIFE offering in tranches, with the final closing to be no later than 30 January 2026, or another date as chosen by the company. Closing is subject to conditions including the receipt of all mandatory approvals, including by the TSX-V market.
Proceeds will be primarily used to fund a diamond drilling program at the company’s Ben Ben target. The drill program is aimed at expanding the resource and building at the company’s recent development at Arthington, within the Todi Gold Project in Liberia.
Zodiac Gold is a gold exploration company focused on developing its flagship project, the Todi Gold Project in Liberia.
Write to Amy Rotman at Mining.com.au
Images: Zodiac Gold
